Aer Lingus owner IAG posts €1 14 billion Q1 loss rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
May. 7, 2021
Britain will allow people in England to resume international travel from May 17 but is limiting the number of destinations open for quarantine-free holidays to just a handful of countries, including Israel, as it cautiously emerges from lockdown restrictions.
Besides Israel, Portugal, New Zealand, Australia and Singapore all made the green list for travel in a system that will be reviewed every three weeks, Transport Secretary Grant Shapps said Friday. Popular destinations such as France, Spain and Greece did not.
Airlines, holiday companies and tourist hotspots in southern Europe have been waiting for over four months for big-spending Britons to start travelling again, but they will have to wait a few months longer for a full rebound to take off.
The FTSE 250 hit a record high and the FTSE 100 closed above 7100 for the first time in 15 months as markets enjoyed a sparkling end to the week.
The mid-cap index shot up 1.3 per cent, or 283.92 points, to 22775.28 as takeover news lit a fire under aerospace group Meggitt and St Modwen Properties shares.
And the Footsie was propelled by a metals rally that lifted the index s miners.
It closed up 0.8 per cent, or 53.54 points, at 7129.71 – the first time it finished above 7100 since markets went into a Covid-induced free fall in February 2020.
Anglo American (up 3.6 per cent, or 116p, to 3381.5p), Glencore (up 3.4 per cent, or 10.45p, to 322.75p) and BHP (up 1 per cent, or 23.5p, to 2,337.5p) made gains as iron and copper prices both hit record highs – of $200 a ton and $10,123 respectively.
THE STANDARD
NEWS
By Reuters | May 7th 2021
British Airways-owner IAG reported a 1.14 billion euro loss for the three months to end-March, as the pandemic restricted travel, and forecast only a small rise in capacity to 25 per cent for the April-June quarter.
Flying just 20 per cent capacity in the three months to the end of March resulted in the group posting the operating loss before exceptional items of 1.14 billion euros, slightly better than the 1.17 billion euro loss consensus forecast.
IAG on Friday forecast only a minimal pick-up in capacity to 25 per cent for the April to June quarter, remaining cautious despite hopes that European travel will start to recover from late May onwards.